More interest rate relief coming for homeowners, treasury forecasts in federal budget reveal

News Snapshot:

Treasury forecasts in the budget eventuate Australian mortgage holders may experience more interest rate relief by the middle of the year. The federal budget now forecasts core inflation to reach the Reserve Bank’s target of between 2 per cent and 3 percent by July 2025, six months earlier than previously forecast. “Inflation is now expected to be 2.5 per cent through the year to the June quarter 2025, one-quarter of a percentage point lower than the MYEFO forecast,” the budget papers read. Know the news with the 7NEWS app: Download today “Excluding the impact of fuel and energy rebates, inflation...